Chandigarh, May 14, 2025 – Shree Cement, India’s third largest cement group by capacity, today announced its financial results for the quarter and year ended on 31st March, 2025, reflecting a robust performance. On sequential quarter basis, the Company reported a 142% rise in profit after tax to ₹556 crore, 24% rise in revenue to reach an all-time high of ₹5,240 crore while EBITDA surged by 46% to ₹1,381 crore.
Operational highlights
- Total cement and clinker sale volume reached to 9.84 million tonnes, which is the ever-highest quarterly volume achieved by the company
- Sales of premium products stood at 15.6% of trade sale volume vs 11.9% in Q4’FY24
Commenting on the company’s performance for the quarter, Mr. Neeraj Akhoury, Managing Director of Shree Cement Ltd., stated, “We are pleased to report a strong finish to FY25, with growth across key financial metrics. Our continued focus on premium products and operational efficiency has enabled us to deliver improved profitability. As we move into FY6, we remain optimistic about improved cement demand and will therefore continue to drive our strategic initiatives of premiumization, geo-mix and cost optimization. We remain committed to growth, sustainability, and value creation for our stakeholders.”
Capex Plans
In April, 2025, the Company commissioned (i) a cement grinding unit in Etah, Uttar Pradesh (3.00 MTPA) (through its wholly owned subsidiary) and (ii) another cement grinding unit at Baloda Bazar, Chhattisgarh (3.40 MTPA). This has taken group’s total installed cement production capacity to 62.8 MTPA in India. Company’s other ongoing projects of integrated cement unit in Jaitaran, Rajasthan and Kodla, Karnataka are scheduled for commissioning by end of Q1’FY26 and Q2’FY26 respectively. Further, Company has decided that, out of two cement mills of aggregate 6.0 MTPA capacity planned earlier at Jaitaran, Rajasthan, only one will be commissioned at Jaitaran, while the other mill will be installed later.
During the quarter, the Company also undertook capacity up-gradation work of clinker unit in Nawalgarh, Rajasthan and enhanced its capacity from 3.80 MTPA to 4.50 MTPA. The Company is continuously working to identify suitable opportunities to reach its goal of achieving > 80 MTPA capacity by 2028.
Sustainability initiatives
In Q4 FY’25, the Company continued its efforts to improve its performance regarding its commitment to operational excellence and sustainable growth. Key highlights are:
- The Company’s share of green electricity in total electricity consumption stood at 60.2% in Q4’FY25 which is one of the highest in the Indian cement industry. The Company is consistently ramping up its green power generation capacity which stood at 582 MW at the end of Q4’FY25, up by 21% vis-à-vis 480 MW at the beginning of FY24-25.
- The Company used 0.40 lakh tonnes of agro waste in its cement operations to conserve fossil fuel equivalent to producing 127 billion kCal and saving 0.50 lakh tonnes of CO2. As part of this agro waste consumption, the Company procured 5,960 tonnes of stubble during the quarter for its operations within the NCR region. The Company also consumed 0.95 lakh tonnes of hazardous waste during Q4’FY25, replacing the fossil fuel-based heat by 44.30 billion kCal.
- All the Company’s manufacturing locations are Zero Liquid Discharge, treating, recycling, and reusing 100% of wastewater generated from our operations. These efforts have enabled the Company to improve its water positivity index to >8 times in FY24-25 against >7 times achieved in FY23-24. As a recognition to the same, the Company achieved leadership ‘A’ rating within CDP Water Security during the year.
- The Company received the prestigious CAP 2.0 award in the Energy, Mining and Heavy Manufacturing sector by CII-ITC Centre of Excellence for Sustainable Development within the topmost ‘Resilient’ category. The award is a national programme to recognise climate action by industries using a three-dimensional assessment methodology by CII certified assessors.
- The Company also secured its place within the S&P Global Sustainability Yearbook 2025 as an industry mover. Based on S&P Global’s comprehensive Corporate Sustainability Assessment, the Sustainability Yearbook comprises companies scoring in the top 15% of their industry for sustainable business practices.
ESG Rating
CARE ESG Ratings Limited has conducted an evaluation of the Company’s performance across key Environmental, Social, and Governance (ESG) parameters. Following this assessment, the Company has been assigned an ESG Rating Score of 70.8 and a Rating Symbol of “CareEdge-ESG 1”, indicating strong performance in ESG practices.
Dividend
The Board of Directors of the Company has recommended a final dividend of ₹60 per share, in addition to interim dividend of ₹50 per share for the year 2024-25 declared in January, 2025. The final dividend shall be subject to approval of members in the next Annual General Meeting.
Major events/ initiatives
- The Company launched its premium product, Bangur Marble Cement, extra white Portland Slag cement in Bihar, West Bengal and Jharkhand markets. The product offers high-performance attributes and an eco-friendly approach, incorporating GGBS, a by-product from steel manufacturing. This eco-friendly composition supports stronger, more durable structures while reducing the environmental footprint. This product will be offered alongside Bangur Cement’s premium lineup, including Jungrodhak, Rockstrong, Powermax, Magna, and Roofon.
- To drive rural development, the Company started a “Chalo Gaon Ki Aur” campaign where it will connect with village leaders/ Gram Pradhans and local dealers to understand their infrastructure project needs and provide solutions to boost local construction.
Cement market outlook
During FY26, the cement industry is expected to achieve 6.5-7.5% demand growth fueled by infrastructure projects, rural recovery and real estate momentum. While there are external challenges in terms of geo-political conflicts and trade-barriers by key economies, ability of the Industry in general and Shree Cement in particular to balance growth with sustainability and cost efficiency will be critical to building a new India.